Communiclique Data Details

Before Communiclique was exposed as a giant Ponzi scheme, the company Andy Powers and Ram Reddy were telling anyone who would listen that it was a Billion Dollar Unicorn. Now we know it is practically worthless. A group of investors recently won a judgment to put the company in receivership. The Bankruptcy lawsuit shed light on the murky details of this company (first story on this dumpster fire company and Andy Powers here) Here are just a few facts recently made public thanks to the bankruptcy proceedings. The Cap Table and how much each investor would have realized if the company exited at a billion dollar valuation. Shareholder Shares Percentage Value Empower LLC/Andy Powers 6,389,000 27.61% $ 276,149,974 Srin Reddy 5,000,000 21.61% $ 216,113,612 Devasena Reddy Irrev Trust 1 2,042,687 8.83% $ 88,290,493 Parva Reddy Family Trust 2 2,042,666 8.83% $ 88,289,586 Parva Reddy Family Trust 1 1,242,750 5.37% $ 53,715,038 Ram Reddy 720,000 3.11% $ 31,120,360 Jason Donahue Trust 526,000 2.27% $ 22,735,152 Kamakshi Radha Reddy 500,000 2.16% $ 21,611,361 Jai Gupta 476,191 2.06% $ 20,582,271 Jason Donahue IRA 400,000 1.73% $ 17,289,089 New Angel Capital LLC 333,334 1.44% $ 14,407,603 Diwakar Nagula 272,728 1.18% $ 11,788,047 Sam Medile 260,000 1.12% $ 11,237,908 Tim Gentry 250,000 1.08% $ 10,805,681 Federal Express Investments 238,096 1.03% $ 10,291,157 Barique Holdings 173,612 0.75% $ 7,503,983 Most Holdings 152,000 0.66% $ 6,569,854 Justin Connor 120,000 0.52% $ 5,186,727 Janardhan Nukalapati 100,000 0.43% $ 4,322,272 Ram Gupta 100,000 0.43% $ 4,322,272 Tim Lee 90,000 0.39% $ 3,890,045 Seetaramayya Nagula 90,000 0.39% $ 3,890,045 Andrew Schwartzman 89,960 0.39% $ 3,888,316 Gemma Medile 80,000 0.35% $ 3,457,818 Stephen Clune 80,000 0.35% $ 3,457,818 Satish Nagula 68,183 0.29% $ 2,947,055 Kishor Nagula 68,183 0.29% $ 2,947,055 Chuckie Reddy 60,000 0.26% $ 2,593,363 John Carleton 55,753 0.24% $ 2,409,796 Shapur Bashar 53,334 0.23% $ 2,305,241 Shankar Ram 50,000 0.22% $ 2,161,136 Robert and Carole Donahue Family Trust 50,000 0.22% $ 2,161,136 Dean Catino 45,000 0.19% $ 1,945,023 Carolyn Lee IRA 43,333 0.19% $ 1,872,970 Ashok Patel 43,000 0.19% $...

Morally Bankrupt Communiclique Declared Financially Bankrupt

This Morning, in a Deleware Court, Communiclique declared financially bankrupt by a judge. Communiclique (AKA Clique & CliqueAPI) CEO, Founder and Board Member, Andy Powers did not show up in court as the judge had ordered. Based on the fraudulent evidence, the judge referred Andy Powers to the US Attorney's office on criminal charges. Game On! Or Game Off! Or where the hell was Andy Powers? Let the Games Begin! In addition, the judge declared Andy Powers, big shot, big-time business guy, master of the universe, financially bankrupt...

DCTech Startup Crime Update

It's that time again for the DCTech Startup Crime Update. Lots of little movement with the Crooks and Criminals of DCTech but not enough to warrant a single subject blog and therefore I'm going to provide a general DCTech Startup Crime Update on multiple happenings around DCTech. DCTech Startup Crime Update -Existing Projects Andy Powers and Communiclique (Clique, CliqueAPI) - Every month that Andy doesn't live rent-free on the federally funded 3 hots and a cot program, costs his investors a ton of evaporating capital including the $35 thousand per month rent on his home (see home and court details).  On Monday 4/29, Andy Power's lawyer showed up just prior to the 4 PM deadline with the data to prove that the company was a legitimate business. The invoices submitted were obviously fraudulent...

Andy Powers Communiclique Fraudulent Response

Updated May 6, 2019, with new evidence: On April 29th, Andy Power's attorney submitted a Communiclique fraudulent response to the Involuntary Bankruptcy Petition (see this post for Bankruptcy Petition). After reading this Communiclique fraudulent response, I am confident that Andy Powers can add, Bankruptcy Fraud to a long list of crimes he and other board members and officers of Communiclique (aka Clique and CliqueAPI) perpetrated including, Security Fraud, Bank Fraud, Wire Fraud, Tax Fraud, Forgery, and Embezzlement. The response features, what appears to be doctored, invoices and payment receipts to company vendors intended to prove the company is a legitimate business running a legitimate operation. It attempts to document that the company is solvent and responsibly dispatching its financial obligations (See Communiclique Fraudulent Response Here). Updated: See the latest filing telling the judge that the invoices were doctored here (Communiclique Fraud Allegation): The new filing states: Alleged Debtors have defrauded investors, lenders, and vendors alike. Unfortunately, they have now defrauded this Court.  Concerned by known fraudulent conduct of the Alleged Debtors (and the known and potential negative repercussions thereof on their estates), the Petitioning Creditors opposed the Alleged Debtors attempt to extend the deadline to file answers to the Petitions. Ultimately, the Court entered a short, four-day extension. The brevity of...

Andy Powers, CliqueAPI The $50 Million Ponzi Scheme

Hello Kids! It's that time again where we check in with our old pal Andy Powers, CliqueAPI (AKA Communiclique). Just in case you've been living in a hefty bag, let me catch up. Communiclique (sometimes called Clique, other times called CliqueAPI because it's harder to hit a moving target) raised anywhere from $50-70 million dollars. In 2016 a court in the Commonwealth of Virginia ordered the company to stop raising money...

Communiclique Bankruptcy (AKA: CliqueAPI)

Communiclique Bankruptcy? It looks like the investors believe a Communicliaque Bankruptcy is warranted.  On Friday, March 15, 2019, several investors petitioned a Deleware court to involuntarily take the company into Chapter 7, bankruptcy (see what a Virginia Court found about the fraud Andy Powers and his team perpetrated at Communicliqe). The case was filed by Attorney Daniel A. O'Brien, of the firm Venable LLP, representing creditors/investors: Andrew and Jamie Schwartzberg, Keith Hladek, Stonehaven Capital, Erik Sachwitz, Philip Lowit, Adam Stern, Robert Mitchell Pons, and the Paitaridis Children Family Trust. In one month, two of DC's scummiest bags are being attacked and forced into bankruptcy by their investors. Danny Boice of Trustify (see article) and Andy Powers of Communiclique were litigated into bankruptcy when their investors finally had a moment of clarity and realized they had invested in sham fake bullshit Potemkin Village-esque companies   What does a Communiclique Bankruptcy have in common with Trustify's Bankruptcy (check out the crime family post here)? [caption id="attachment_81076" align="alignright" width="243"] Andy Powers (kneeling) and Danny Boice all prison-tatted ready[/caption] Both companies were founded by criminals. Both Danny Boice and Andy Powers are pathological liars and crooks. Both companies existed to take investor money and put it into the pockets to fund a high-life...

Offering Free Investment & Investor Due Diligence Service

For the last few years, I've been researching and reporting on, clowns, scammers, schemers, and scumbags. I've been doing due diligence for investors and founders seeking investments. Sometimes it's as simple as a google search, sometimes, it's a tip from a source, and sometimes, I have to reach out to my sources.  My due diligence has uncovered: Clowns - The Incompetent Imbelishers Paul Singh Evan Burfield Jonathon Perrelli Jason Feimster Alexandra Stanton Crooks - The Guys Who Should Be Locked Up Danny Boice Jen Mellon Andy Powers Ram Reddy Matthew Pugsley In the course of my day, I do research to promote my blog which promotes my business. The blog is designed to gain an audience and demonstrate how I apply knowledge, experience, and critical thinking to work with my coaching clients. Readers frequently send me notes of: thanks from those I've helped from getting in trouble - Before the Fact requests for help from those that have been damaged - After the Fact tips from those who want to put bad actors on my radar screen - Tips Here are just a few examples: Before the Fact Glen, thank you for your due diligence on Jason Feimster. I found him on Veterati and...

This Year in DCTech – 2018 edition

It's that time again. Time to review all the tremendous accomplishments of the most dynamic tech ecosystem south of Columbia Md, North of Springfield VA,  East of Gaithersburg MD and west of Annapolis. Yes, DCTech we're number 1 out of any city in the world with our exact lat/long coordinates! Yea us! Go Team DC! So let's get right to it. January - Was Action Packed!!!! Amazon Will Change Everything - Amazon announced they would hold a beauty contest to determine which town they will destroy by overloading local infrastructure, straining the already huge employment talent gap by bringing 50,000 new jobs parked in Amazon HQ2. DC is one of the "lucky" cities to make the short list (see post). Boice Is The Champion - Danny Boice wins the coveted Worst Wolf of Startupland Title. Making Shit Happen (As Long as Nothing Happening is the Definition of Happening) - Lots of good news from Jonathon Perrelli and LifeFuels...

Ram Reddy Master Criminal with Andy Powers

Ram Reddy, who is this guy? When I published the post, The Startup DCTech Crime Family, I was surprised by the pushback on naming Ram Reddy the Godfather. Reddy has spent a long time creating the image of a legitimate businessman. Since that post, additional information, a civil lawsuit confirms my suspicions. The suit (see link Clique - Donahue v. Communiclique - Complaint) seeks actual and punitive damages and alleges constructive fraud in the inducement in the purchase and acquisition of stock in CommuniClique (dba CliqueAPI), alleging Ram Reddy and Andy Powers defrauded the plaintiff. For some inexplicable reason, the suit fails to name the company's former CFO, Tim Lee. The suit alleges that since 2006, Communiclique (DBA CliqueAPI) raised $23 million in equity through the offer and sale of stock shares to about 90 investors. The plaintiff alleges that Andy Powers, the CEO of the criminal enterprise CliqueAPI, posited that the company would end 2016 with revenue between $120 to $125 million. Powers claimed key customer wins included Uber, FedEx, Wilmer Hale, and Airbnb. Powers and by implication, Chairman of the Board member Ram Reddy and CFO Tim Lee reported 2015 revenue in excess of $71 million. While in fact, the...

Driven Forward DCTech 2019 Gift Calendar

What's the perfect holiday gift for DCTech Startup Fans? It's the Mr Cranky, 2019 Gift Calendar! Feel free to print this out and make your own or if you prefer, you can contact me and order your officially printed version. Printed, bound and sent to your address for just $19.99. Want to order one, contact me here. Tell me how many you want and I'll be in touch. Remember, if you'd like one, contact me here!...